BLVD Centers Corporation (CNSX:BLVD) entered into an asset purchase agreement to acquire the assets from Herbal Grasslands for $1 million on January 14, 2019. The purchase price for the acquisition is $0.25 million, payable to the vendor on closing, four quarterly payments of $0.05 million per quarter over the first four quarters following closing, $0.04 million per quarter over the first four quarters following closing subject to a quarterly clawback of $1.50 against each dollar of revenue below $0.68 million (annualized) and the business being cash flow positive, and a further four quarterly payments of $0.09 million per quarter for the fifth through the eighth quarters following closing. In connection with the transaction the vendor has agreed to enter into an employment contract for the 12 month period following closing, with his salary deducted from the earn-out payments. Closing of the acquisition is subject to a number of customary conditions, including receipt of all required regulatory approvals.